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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 233.23+1.8%12:59 PM EST
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To: KeepItSimple who wrote (58240)5/24/1999 5:41:00 PM
From: Tradegod  Read Replies (1) of 164684
 
For what it's worth:

I shorted this monster along with Glen last summer when it ran from 40 to 80 in about 30 days. I then watched it go to 145 before coming back. It corrected to 65 interday and closed at 80 slightly above my entry point. I was bullheaded, convinced that I was right, and I elected to remain short, and watched it rock back to 100+. Began box trading like Jan, and limiited further downside exposure until the Blodget debacle and watched it shoot to 240. Finally covered on Dec 30.

Tonight, for the first time in a very long time, I will sleep with an overnight long position. (Bought back in late today at 118). If anything, I have developed a very healthy respect for the company's ability to perform, both in the business place and the market. I'm banking on BKS's ipo to encourage the empire to srike back. So like Anakin Skywalker, I have come to the dark side along with the Syth Master himself William Harmond, better known as Senator Palatin.
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